The Reserve

in #bitcoin7 years ago (edited)

4 December 2017 | SUBSCRIBE

// BITCOIN’S TIPPING POINT

It is tipping point time. Bitcoin is everywhere. Every financial column I follow is commenting, daily, on bitcoin. The 10,000 USD, 1M Japanese Yen, 10M Korean Won barriers are not just broken, but blown through. Futures are further fuel - with CME and Nasdaq making announcements this week. Everyone is talking about bitcoin. 

We’re at a tipping point on the road to mass - awareness.

And once aware, there are then one hundred reasons to buy bitcoin. But what underlines every single reason, and is the actual cause for action, is the expectation of an exceptional return on investment. And I think that could get problematic. Who buys currency or gold to 10X their money? 

The other thing really bugging me this week is how unbelievably unfair this system is. If there was ever an example of a system making the rich richer - this is it. If you could afford 1 bitcoin at the beginning of this year, you were not poor. And that bitcoin is now worth 10X what it was.

It may be an opportune moment to mention that 51% of the economic benefits of Blockchain Reserve are bound to charity. We are not here for quick wins, but for the long term, massive positive change that blockchains could have. But I don’t think we are there yet. Anywhere near, there, yet.

// MUST READS

// PRICING SUMMARY

// DISASTER OF THE WEEK

If we needed a reminder of the children that run parts of this blockchain world, well, here is just one more: Roger Ver, one of the many demi-gods of the sector has had yet another meltdown. TL:DR - if you don’t turn over more than $1million your opinion doesn’t count.We need better leaders.

// TRACTION

// ROAD TO REGULATION

// ICOS

  • Datum raised $7.3m for a decentralized marketplace for social and IoT data.
  • Hydrominer raised $3.6m for an environmentally friendly crypto mining company.
  • Wax raised $80m for a virtual goods market for online video games.

Upcoming:

  • Skara - January 23, 2018 - an existing gaming universe with a blockchain economy.
  • Bitdegree - Active - Blockchain-powered online education platform with token scholarships & tech talent acquisition.
  • Rexpax - December 5, 2017 - A platform for lending, sharing and borrowing items from your neighbours.

// OTHER

Energy ICOs mapped. Drivers and risks of the cryptocurrency boom according to the Financial Times. Nobel Prize-winning economist Joseph Stiglitz’s says bitcoin should be shut down. Goldman Sachs cannot trade bitcoin itself but wants to help its clients to do so. Blockchain: token as a license (TaaL). Blockchain to transform scholarly communication and research. The Economist on bitcoin breaking $10k.

// EVENTS

Moontec 2017 - Tallin, EE - December 4-5, 2017

Latin American Bitcoin & Blockchain Conference - Bogotá, CO - December 4-5, 2017

Blockchain & Bitcoin Conference Malta - Malta, MT - December 7, 2017

Bconference: Lets Blockchain This World Together - Abu Dhabi, UAE - December 7, 2017

Cryptospace Conference Moscow - Moscow, RU - December 8-9, 2017

The d10e conference - Ljubljana, SI - December 9-12, 2017


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Nice post! I upvoted and followed you. Can you check my last blog post about crypto: https://steemit.com/cryptocurrency/@cryptoizotx/crypto-market-sentiment-update-december-4-2017 ?